Lagos - Customers of MoneyGram in Europe can
now send money to most personal Nigerian Naira bank accounts within minutes.
The funds can be sent from France, Germany, Ireland,
Italy and Spain.
Officials said this was a significant milestone for the
With the addition of Nigeria, MoneyGram now offers
bank account deposits through its network into five of the world's largest
remittance receive markets.
These include Nigeria, China, India, Mexico and the
Herve Chomel, MoneyGram’s regional vice president for
Africa, said account deposit was a fast and secure way to send and receive
funds between loved ones.
"We are proud to offer the service for our customers
in Europe and Nigeria,” he said.
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Customers can send money to most of the personal accounts
held at banks that are members of the Nigeria Inter-Bank Settlement System
Such include First Bank, United Bank of Africa, Ecobank,
Fidelity and Zenith Bank from MoneyGram agent locations in France, Germany,
Ireland, Italy and Spain.
This marks an important innovation for the remittance
industry in Nigeria.
By integrating into the Nigerian Inter-Bank Payment
System, MoneyGram customers are able to send money into most bank accounts in
Nigeria, almost in real time.
Receivers do not have to undertake any action as the
funds are automatically deposited into their account and can be accessed via
ATM’s or online.
MoneyGram is a global provider of innovative
money transfer and payment services.
- CAJ News